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There you go.

A trading halt for a mega capital raise is looking likely based on Riversgold trading halt.

It's not even confirmed there is a mega discovery, it's just raising funds for further exploration it seems

Funds must be running low for Naheed.

She took on too many projects and they all require cash to develop.

Selling 80% of Northern Zone for A50,000 was her biggest mistake.

By retaining 20% she is now required to fund somebody else's operation. Let's say if Riversgold require £50millions for project expansion, Oracle is expected to fork out £10m but at 20% the gold probably won't even worth that sum after operation costs etc.

But the biggest question is whether there are that much gold there. Either way, Oracle has to find the funds to fund someone else's work but not getting the full benefits of there's a great discovery

Well done Naheed

Still no news

Naheed sold off 80% of Northern Zone for a measly A$50,000, whose the thick one.

At 80/20, Oracle are still committed to finance the project at that ratio.

So if £10 millions are required to develop the project on the next stage, Oracle power will be required to fork out £2million.

Oracle Power has raised money many times via placings and subscriptions, usually at progressively lower prices. Each raise issues large numbers of new shares which expands the share count massively.

Even a small raise would be catastrophic for share holders.

Thar block is delayed and Naheed sold off 80% of the gold what don't you understand DreamTheater?

Anyway, I will have a good night of sleep

Mega fund raise and huge cash injection into the gold project.

Recent buyers will be happy to get what they came for, to progress gold extraction, except they will be diluted to oblivion

Riversgold's halt

When a share halts it's trading, the company may be finalising an announcement that could significantly affect the share price, such as:

-Mergers or acquisitions

-Capital raisings or placements

-Major contracts won or lost

-Earnings surprises or profit warnings

-Regulatory or legal outcomes

For one, I don't think it will be a merger as they have acquired 80% of our gold project.

Earnings surprise? Maybe but unless it's a world class find then I don't think it will douch benefit to Oracle's SP with there being 15 billion shares and outstanding warrants.

Capital raise looking highly likely as Riversgold/Oracle wants to advance the project to drill more holes.

How much will they raise this time I wonder

"20% of something is worth more than 100% of nothing its very simple"

Or 20% of nothing is STILL nothing.

Look at all those projects Oracle has but none of them have generated revenue.

The Thar project has been going for 10 years with no progress. Same with Blue Valley and Green Hydrogen.

I meant 0.030p

If this goes back to 0.30, then I might have another punt.

Thank you Doc83.

I always said this had more potential than Matad.

But like I said, I didn't like Naheed selling off 80% of the gold project and then the Thar coal project delayed too.

A little bit more and this will be sub1p.

I blame MB for his incompetence.

Where were the JV talks in advance stages that he kept talking about ....

If you are here for the gold project, it makes little sense to invest in Oracle when they hold only 20% and Rivers gold holds 80%.

I can understand earlier investors investing here when they had Thar to look forward to as well, but Thar has been delayed and there is way more shares in issue now.

Yes, but they have raised only 300K last time,.so I fully expect they would require more funds to advance their projects

May buy back when this gets to 5p.

With these aim shares, once a placing is done, then down goes the SP

I wouldn't want to be trapped in one

Oracle must be needing cash injection soon and Naheed has her eye on that new handbag.

Fortune favours the brave but not the fool. Who would sell off 80% of the treasure trove for a peanut.

I would caution people to watch out for those outstanding warrants because once they hit the SP would plummet

20billion share will be reached in no time and they still have plenty of warrant shares.

The company did look attractive at one point, when Oracle had 100% of the gold and Thar.

But now, all that has changed. It the reason I have exited with a profit thanks to you guys.

A bit of history:

Naheed sold off 80% of their gold project for a measly amount.

Oracle requires constant fund raise to keep the lights on.

They have multiple projects but may of them are years away from generating revenue.

Hence, 15 billion shares is issue.

Thar railway has been delayed to year end when it was supposed to be completed last year.

The gold project at best is 20%, and it would take years to get it out of the ground.

Meanwhile, Naheed will require funding to fuel the projects at hand.

Hope nobody got spiked at 80%.

This will drop twice as fast will 15 billion shares in issue

15.72b shares in issue.

Rises will be hard to sustain.

Thanks god I'm out will a decent profit